Arbitration Is Often Preferred Because It Is

question 74

Multiple Choice

Arbitration is often preferred because it is

• A)easier to influence an arbiter than a judge.
• B)quicker,cheaper,and more private than the U.S.court system.
• C)more discreet,although more costly than the court system.
• D)less bureaucratic than the court system of any country.

Understand the implications of HRM activities on market value and shareholder interests.

Acknowledge the role of corporate social responsibility and its effects on human resources management.

Realize the significance of cultural values in shaping HR management philosophy.

Define primary and strategic stakeholder groups and their importance for organizational survival.

---

Definitions:

Establish Urgency

The process of communicating the importance and immediate need for action or attention to motivate stakeholders or team members.

Change Vision

A clear and compelling description of a future state which an organization aims to achieve through change initiatives.

Top-Down Change

A change management strategy where decisions and initiatives are initiated by the upper management or leadership and then communicated down through the ranks of the organization.

Senior Management

The highest level of management in an organization, responsible for the overall direction and success of the company.